Do most companies ask to return the joining bonus if they fire you within the first few years ?
Do most companies ask to return the joining bonus if they fire you within the first few years?
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@yesmonk - It's generally written in the contract, also it's a function of quantum of amount. Say, I am hiring someone - giving her JB to cover for the RSU/SAR she stands to lose - i better have a claw-back clause.
Alternatively, I am giving JB to buy for the notice period - maybe no claw-back is required.
So. It Depends.
What's RSU SAR
Stock Appreciation Right A Stock Appreciation Right (SAR) is an award which provides the holder with the ability to profit from the appreciation in value of a set number of shares of company stock over a set period of time.
Restricted stock units (RSU) Restricted stock units are a way an employer can grant company shares to employees. The grant is "restricted" because it is subject to a vesting schedule, which can be based on length of employment or on performance goals, and because it is governed by other limits on transfers or sales that your company can impose.
You can negotiate on waiving off joining bonus, notice period and relocation allowances if any, if it’s a layoff/downsizing. For performance or ethics issues, say goodbye to these.
This